Latin America Button Mushrooms Market

Latin America Button Mushrooms market is anticipated to grow at 7.81% CAGR from 2021 to 2026 and it is estimated that the Latin America market was valued at USD 1.87 billion in 2021 and is expected to reach USD 2.72 billion by 2026.

Mushroom is the fleshy fungus that is parasitic in nature i.e. they are dependent on other plants for the food source. Mushrooms can be cultivated at low cost and lowland, therefore the majority of manufacturers are turning towards mushroom cultivation. The mushrooms market is likely to experience tremendous growth over the years owing to the rise in the food and medical industry. They are two type’s edible and toxic mushrooms. Mushrooms are considered good for health; as they contain negligible sodium and gluten content.

REPORT COVERAGE:

Mushroom contains proteins with low cholesterol and low-fat content. The market is mainly driven by increasing demand from the food industry. The surging use of mushrooms as ingredients in various food products fuels the market growth. Consumption of organic food is increasing dramatically in almost all developed and developing countries. Growing awareness among consumers regarding health, diet, and nutrition has increased interest in organic food products, including canned organic fruit and vegetables. However, strict regulations for processing of mushrooms led by the FDA due to the presence of various harmful mushroom species may impede the growth of the market. Moreover, the low shelf life of mushrooms is the other factor impacting on the growth of the mushroom market. Nonetheless, growing demand for mushrooms and escalating food chains and emerging food markets is likely to open a new avenue for the mushroom market in the near future. Furthermore, growing awareness among people about button mushroom is expected to show high consumption in future.

The Latin America Button Mushrooms market is segmented on the basis of Product. On the basis of Product, it is segmented into Fresh and Processed Mushrooms. Both fresh and processed mushrooms are used in food industry for the production of several food products. The fresh mushroom held the largest share of the market due to the increased production of the food industry in developing countries. Fresh mushroom dominated the Latin America button mushroom market in terms of revenue. Processed mushroom sub-segment is anticipated to register the highest growth in the coming years owing to increasing demand for dried, frozen, canned, mushroom powder and mushroom sauces.

Based on geography, the market is segmented into Brazil, Argentina and Mexico. Latin America is anticipated to show decent growth in forecast period due to the use of mushroom in pizza and various different foods.

Some of the key players dominating the market are Bonduelle Fresh Europe, Costa Pvt Ltd, Drinkwater’s Button Mushrooms Limited, Monaghan Button Mushrooms Ireland, Monterey Button Mushrooms Inc., Lutece Holdings B.V., The Button Mushroom Company., Okechamp S.A. and Shanghai Finc Bio-Tech Inc.